Wall Street To Launch Propaganda Campaign That Makes You Like Bankers

News & Politics

These people think they can sell anything:


Wall Street’s largest trade group has started a campaign to counter the “populist” backlash against bankers, enlisting two former aides to Treasury Secretary Henry Paulson to spearhead the effort.

In memos of confidential meetings with top financial executives, the Securities Industry and Financial Markets Association said it began this month the “execution phase” of the operation, which pledges to “embrace change” and accountability. The plan targets policy makers and the media in New York, London, Washington and Brussels and calls for a “city-by-city, grass roots” approach.

[...]

The board meeting minutes and staff-written papers, obtained by Bloomberg News, outline the program crafted by polling, lobbying and public relations companies paid at least $85,000 a month. The memos provide a glimpse, in often candid language, into how Wall Street is grappling with its pariah status.

“It is imperative that in this historic period of reform, the industry be recognized as playing a positive role in seeking change and providing solutions to the problems we face,” one of the documents said. “There is currently widespread skepticism about the industry’s commitment to this needed change.”

The internal papers call for using regional securities firms, many of which have escaped notoriety in the financial crisis, to push the industry’s message with their local members of Congress. The plan notes that brokers across the country can also be used.

[...]

To advise on the strategy, the trade group turned to a bipartisan roster of consultants. Such advice doesn’t come cheap and SIFMA is discussing dipping into its reserves to cover some of the costs, according to one memo.

Michele Davis, Paulson’s former spokeswoman, and Jim Wilkinson, his former chief of staff, are among those leading the effort. SIFMA is paying their firm, Brunswick Group LLC, a monthly retainer of $70,000, the documents show. Both Davis and Wilkinson declined to comment. Paulson left office in January.

They're getting the band back together again.

I have written many, many times about Jim Wilkinson over the years starting within the first months of this blog with this one:

Via

Atrios

this may be the best article yet about the surreality of Operation Big Swinging Manhood.

Even Kubrick and Southern couldn’t have made this stuff up:

Clearly marked as the rabble-rouser of the get-out-of-Doha movement, I was approached by some enforcer types. The first person was a version of a Graham Greene character. He represented the White House, he said. Wasn't of the military. Although, he said, he was embedded here ("sleeping with a lot of flatulent officers," he said). He was incredibly conspiratorial. Smooth but creepy: "If you had to write the memo about media relations, what would be your bullet points?"


The next person to buttonhole me was the Centcom uber-civilian, a thirty-ish Republican operative. He was more full-metal-jacket in his approach (although he was a civilian he was, inexplicably, in uniform - making him, I suppose a sort of para-military figure): "I have a brother who is in a Hummer at the front, so don't talk to me about too much fucking air-conditioning." And: "A lot of people don't like you." And then: "Don't fuck with things you don't understand." And too: "This is fucking war, asshole." And finally: "No more questions for you."


I had been warned. (Read the whole thing)

It's pretty clear who that

civilian in uniform

is and he's a real piece 'o work:

Signaling the high interest in improving the military's image is the appointment of [Jim] Wilkinson as spokesman for CENTCOM. A veteran White House publicist as well as a Navy Reserve lieutenant, Wilkinson headed the anti-Taliban Coalition Information Center during the U.S.-led war in Afghanistan and was spokesman for the Bush campaign in Miami-Dade County during the Florida recount after the 2000 election.
Wilkinson's political credentials have aroused journalistic concerns that the Bush administration, not known for its openness, is trying to control the message and use it for re-election purposes in the 2004 campaign.

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